Tag Archives: renewables

Green and renewable gas: the risk of financing fossil fuels through the back door

This blogpost builds on a chapter of our recent report “The ‘EU Climate Bank’ – Greenwashing or a banking revolution?” which uncovers some of the key areas where there are genuine risks that the European Investment Bank (EIB) will support “greenwashing practices”. Among these are the false promises of “green” or “renewable” gas, a trap […]

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EIB to stop financing fossil fuels by end 2020

Today, the European Investment Bank (EIB) published a draft of its new Energy Policy which proposes to end support to all fossil fuels beyond 2020. The draft policy is now to be approved by the bank’s shareholders, the EU Member States. Brussels, 26 July 2019 The EIB, the financial arm of the European Union, is […]

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European Union fails to eliminate fossil fuels from the Juncker Investment Plan

December 12, 2017 Brussels While EU leaders are discussing climate finance at the One Planet Summit in Paris, today the European Parliament failed once again to prevent further public investments in fossil fuels. A decision made in the European Parliament turns a blind eye to the Juncker plan’s investments in energy projects which have so […]

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Bankwatch and Counter Balance statement on the mid-term review of the Investment Plan for Europe

June 1, 2016 Brussels, Prague – European Commission Vice President Jyrki Katainen presented today the mid-term result of the Investment Plan for Europe. The European Fund for Strategic Investments (EFSI), the financial arm of this investment strategy, was established by the European Commission and the European Investment Bank (EIB) in 2015 with the aim of […]

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